SEC Form SCHEDULE 13D filed by Enviri Corporation

The business address for each of the Reporting Persons is 1290 Avenue of Americas, New York, New York 10104. The business address for NBIA with respect to the matters relating to the Issuer and its Securities is 1290 Avenue of Americas, New York, NY 10104. The business address for NBCU with respect to the matters relating to the Issuer and its Securities is Brookfield Place, Bay Wellington Tower, 181 Bay Street, Toronto, Ontario M5J 2V1.

Each of NB Group, NBIA Holdings, NBIA, and NBCH is a Delaware limited liability company. NBAU and NBCU is registered in British Columbia as an Unlimited Liability Company. Each of Mr. Nahum and Mr. Greene is a senior portfolio manager and managing director of NBIA. Mr. Gesing is a senior research analyst of NBIA. NB Group is the parent company of multiple subsidiaries engaged in the investment advisory business. NBIA Holdings is a subsidiary of NB Group and the holding company of NBIA, and certain other subsidiaries engaged in the investment advisory business. NBCH is a subsidiary of NB Group and the holding company of NBAU. NBAU is a holding company of NBCU. NBIA and NBCU are investment advisers registered under the Investment Advisers Act of 1940 as amended (the "Advisers Act"). As a registered investment adviser ("RIA"), NBIA provides investment advisory services to institutions, endowments, employee benefit plans, foundations, private funds, offshore public funds (collectively, "Institutions") and investment companies ("Mutual Funds") registered under the Investment Company Act of 1940, as amended. As an RIA, NBIA provides discretionary investment advisory services to private investors. NBIA may be deemed to beneficially own the Securities in its various fiduciary capacities by virtue of the provisions of Rule 13d-3 under the Securities Exchange Act of 1934 as amended ("Exchange Act"). As an RIA, NBCU provides discretionary investment advisory services to its clients. NBCU may be deemed to beneficially own the Securities in its various fiduciary capacities by virtue of the provisions of Rule 13d-3 under the Exchange Act. This report is not an admission that any of the Neuberger Entities or other Reporting Persons is the beneficial owner of the Securities and each of NB Group, NBIA Holdings, and NBIA and certain affiliated persons disclaim beneficial ownership of the Securities held by them in their fiduciary capacity and covered by this statement pursuant to Exchange Act Rule 13d-4. The information required by instruction C to Schedule 13D with respect to the directors and executive officers of the Neuberger Entities is set forth below. Neuberger Berman Group LLC Directors Joseph Amato Sharon Bowen Robert D'Alelio Michele Docharty Steven Kandarian George Walker Richard Worley Executive Officers George Walker, Chief Executive Officer Joseph Amato, President Andrew Komaroff, Executive Vice President and Chief Operating Officer Heather Zuckerman, Executive Vice President, Chief of Staff and Secretary William Arnold, Executive Vice President and Chief Financial Officer Michael Chinni, Treasurer Leo Anthony Viola, Controller Neuberger Berman Investment Advisers LLC Directors Joseph Amato Ashok Bhatia Kenneth deRegt Douglas Kramer Stephen Wright Executive Officers Joseph Amato, President - Equities and Chief Investment Officer - Equities Bradley Tank, President - Fixed Income and Chief Investment Officer - Fixed Income Kenneth deRegt, Chief Operating Officer - Fixed Income and Managing Director Paul Lanks - Chief Operating Officer - PWM Douglas Kramer, Head of Institutional Equity and Multi-Asset and Managing Director Brian Kerrane, Head of Mutual Fund Administration and Managing Director Brad Cetron, Chief Compliance Officer, Head of Compliance and Managing Director Michael Chinni, Treasurer Leo Anthony Viola, Controller Neuberger Berman Canada ULC Directors Joseph Amato Heather Zuckerman Ray Carroll Chris Neira Executive Officers Kashif Khan Chief Executive Officer Raymond Carroll Chief Investment Officer - Breton Hill William Arnold Chief Financial Officer Leo Anthony Viola Controller Florence Lasry Head of Tax Viviana Beltrametti Walker Chief Compliance Officer Barry Giarraputo Chief Financial Officer - Alternatives Brian Kerrane Head of Fund Administration Robert Arancio Head of Trading Linda Sharaby Secretary Frank Maeba Managing Director Simon Griffiths Managing Director Gideon Schapiro Managing Director

None of the Reporting Persons, nor to the Reporting Persons' knowledge, any of the individuals referenced above, has been convicted in a criminal proceeding in the past five years.

None of the Reporting Persons, nor to the Reporting Persons' knowledge, any of the individuals referenced above, has been party to a civil proceeding or a judicial or administrative proceeding or subject to a judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities laws in the past five years.

All of the individuals referenced above are citizens of the United States.

NB Group, through its subsidiary registered investment advisers, NBIA and NBCU, used an aggregate of approximately $45,310,591 of funds provided through the accounts of certain investment advisory clients to purchase the Securities reported as beneficially owned in Item 5. Mr. Nahum, Mr. Greene, and Mr.Gesing used approximately $3,380,059, $929,960, and $1,141,932, respectively, of personal funds to purchase the Securities beneficially owned, as set forth in Item 5. Certain of the Securities owned by Mr. Nahum, Mr. Greene, and Mr. Gesing were purchased through a margin account in the ordinary course of business.

NBIA, a registered investment adviser subsidiary of NB Group, purchased the Securities reported herein in the ordinary course of business for investment purposes for the accounts of certain investment advisory clients. Accordingly, NB Group and NBIA previously filed a Schedule 13G with respect to the Securities on February 12, 2024. The Reporting Persons have continually reviewed the investment in the Issuer in light of the Issuer's published financial results and disclosures, developments relating to the Issuer's business and industry, and other factors. The Reporting Persons believe that the Issuer's share price has underperformed. The Reporting Persons also believe, however, that the Issuer has a solid foundation from which shareholder value can be restored. The Reporting Persons may take actions or formulate plans or proposals that could be deemed as having the purpose or effect of changing or influencing control of the Issuer, which may include, but not be limited to, speaking with members of the Board of Directors (the "Board") and management of the Issuer, other stockholders and third parties regarding the Issuer, its business and/or the composition of the Issuer's Board of Directors and/or proposing candidates for election or appointment to the Issuer's Board of Directors. None of the Reporting Persons intends to seek control of the Issuer or to participate in the day-to-day management of the Issuer. In addition, the Reporting Persons may, for their own accounts or on behalf of their investment advisory clients, acquire additional Securities of the Issuer or may determine to sell, or otherwise dispose of, all or some of the Securities of the Issuer presently beneficially owned by the Reporting Persons, in the open market or in private transactions. Such actions will depend upon a variety of factors, including, without limitation, current and anticipated future trading prices for the Securities, the financial condition, results of operations and prospects of the Issuer, alternative investment opportunities, general economic, financial market and industry conditions and other factors that the Reporting Persons may deem material to their investment decisions. The Reporting Persons may also formulate other plans or proposals with respect to the Issuer relating to the other matters referred to in items (a) through (j) of Item 4 of Schedule 13D, either alone or with others, at any time, but at this time, other than as described above in this Item 4, none of the Reporting Persons has any such plans or proposals with respect to the Issuer.

The aggregate number of Securities to which this Schedule 13D relates is 5,432,015 shares, representing 6.78% of the 80,135,155 common shares reported outstanding as of October 24, 2024 in the Issuer's Quarterly Report on Form 10-Q filed with the Securities and Exchange Commission on October 31, 2024. The Reporting Persons beneficially own the Securities as follows: Common Shares / Percentage of Common Shares Outstanding NBIA 4,602,617 common shares / 5.74% NBCU 157,747 common shares / 0.20% Ben Nahum 425,000 common shares / 0.53% Michael Greene 116,700 common shares / 0.15% Rand Gesing 129,951 common shares / 0.16% Due to NB Group's and NBIA Holdings' indirect and direct ownership of NBIA, each of NB Group and NBIA Holdings is deemed to beneficially own the Securities beneficially owned by NBIA. Due to NB Group, NBCH and NBAU's indirect and direct ownership of NBCU, each of NB Group, NBCH, and NBAU is deemed to beneficially own the Securities beneficially owned by NBCU.

(b) NBIA has been granted discretionary voting and dispositive power with respect to 3,631,275 of the Securities reported herein as being beneficially owned by it, and with respect to such Securities, NBIA shares voting and dispositive power with its clients in whose accounts the Securities are held. In addition, NBIA has been granted discretionary dispositive power, but not voting power, with respect to the remaining 971,342 of the Securities reported herein as beneficially owned by it. NBIA shares only dispositive power with the clients in whose accounts such Securities are held. NBCU has been granted discretionary voting and dispositive power with respect to 157,747 of the Securities reported herein as being beneficially owned by it, and with respect to such Securities, NBIA shares voting and dispositive power with its clients in whose accounts the Securities are held. In addition, NBCU has been granted discretionary dispositive power, but not voting power, with respect to the remaining 66,844 of the Securities reported herein as beneficially owned by it. NBIA shares only dispositive power with the clients in whose accounts such Securities are held.

Exhibit 2 to this Schedule 13D sets for the transactions effected by the Reporting Persons in the Securities during the past sixty days. Each of the transactions set forth on Schedule I were effected in the open market. Other than as set forth herein, no transactions in the Issuer's securities have been effected by the Reporting Persons during the past sixty days.

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